ERHC Energy Inc (ERHE)

[jbofthecloth]

I'm going to disagree with you here. As I stated before, there are many companies that have very interesting assets but are cash starved. These can be had via a share purchase. There is no need to spend cash for the whole company when shares will do. A much smaller amount of money is then raised to continue acquired company's operations. I am seeing this type of trasaction daily.

Like us, shareholders of these companies have been beaten up but want to maintain the upside they saw in their assets in the first place. Thus incentive are aligned - ours to save our cash while gaining assets, theirs to maintain exposure to their assets and move to a company that is capable of arranging the funding of growth. Sound familiar?